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homey_g

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homey_g

Re: zigzagman post# 359

Wednesday, 03/22/2017 9:07:42 AM

Wednesday, March 22, 2017 9:07:42 AM

Post# of 3740
Excellent! And then there is the NI 51-101...


The new updated NI 51- 101 dated March 08, 2017, effective January 2017 and prepared by Amiel David, Ph.D of PeTech Enterprises Inc, has resulted in US$26.9 million 1P (Total Proven Reserves), a 420% increase, including USD$16.26 million in PDP and US$10.65 million PDNP. The resulting increase is a result of a successful work-over plan, and the fact that Ponderosa had as many as 10 work-over rigs employed during much of that time.

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